I have given 8 weeks notice to my current landlord and must leave my rented flat in Abertridwr by 5/9/2024. Conveyancing for my house purchase is progressing. Is it possible to complete in three weeks as I wish to avoid having to move into temporary accommodation?
The normal practice is not to give notice for your lease unless exchange of contracts has taken place. If you have not already done so, update to your conveyancer and urge them to they apply pressure on the sellers solicitors, try to an agreed time frame that all parties will aim to achieve
I am the registered owner of a freehold house in Abertridwr but nevertheless charged rent, why is this and what is this?
It is rare for properties in Abertridwr and has limited impact for conveyancing in Abertridwr but some freehold properties in England (particularly common in North West England) pay an annual sum known as a Chief Rent or a Rentcharge to a third party who has no other legal interest in the land.
Rentcharge payments are usually between £2.00 and £5.00 per year. Rentcharges date back many centuries, but the Rent Charge Act 1977 barred the generation of new rentcharges from 1977 onwards.
Previous rentcharges can now be extinguished by making a one off payment under the Act. Any rentcharges that are still in existence after 2037 will be dispensed with completely.
My property lawyer in Abertridwr has never been on on the Yorkshire Building Society Approved Panel. Is it possible for me to use my family solicitor even though they are not on the Yorkshire Building Society panel?
Your options are as follows:
- Complete the purchase with your preferred Abertridwr lawyers but Yorkshire Building Society will need to use a solicitor on their list of acceptable firms. This will result in additional overall legal fees and result in frustration.
- Get a new practitioner to act in the conveyancing, remembering to check they are Yorkshire Building Society approved.
- Persuade your Yorkshire Building Society solicitor to seek to join the Yorkshire Building Society panel
How does conveyancing in Abertridwr differ for new build properties?
Most buyers of new build property in Abertridwr contact us having been asked by the housebuilder to sign contracts and commit to the purchase even before the house is finished. This is because builders in Abertridwr tend to purchase the land, plan the estate and want to get the plots sold off as they are building the properties. Buyers, therefore, will have to exchange contracts without actually seeing the house they are buying. To reduce the chances of losing the property, buyers should instruct conveyancing solicitors as soon as the property is reserved and mortgage applications should be submitted quickly. Due to the fact that it could be several months and even years between exchange of contracts and completion, the mortgage offer may need to be extended. It would be wise to use a lawyer who specialises in new build conveyancing especially if they are accustomed to new build conveyancing in Abertridwr or who has acted in the same development.
I decided to have a survey completed on a house in Abertridwr in advance of appointing conveyancers. I have been informed that there is a flying freehold aspect to the property. My surveyor has said that some mortgage companies tend refuse to issue a mortgage on such a home.
It varies from the lender to lender. Santander has different instructions from Birmingham Midshires. Should you wish to call us we can look into this further with the appropriate bank. If you lender is happy to lend one our lawyers can assist as they are used to dealing with flying freeholds in Abertridwr. Conveyancing may be slightly more expensive based on your lender's requirements.
Is it best to go with a Abertridwr conveyancing solicitor who is local to the property I am hoping to buy? An old friend can carry out the legal formalities however they are based a couple of hundredmiles drive away.
The primary upside of using a high street Abertridwr conveyancing firm is that you can drop in to sign paperwork, deliver your identification documents and apply pressure on them where appropriate. They will also have local insight which is a benefit. However nothing is more important than finding someone that will do a good and efficient job. If other friends have used your friend and on the whole were content that should outweigh using an unfamiliar Abertridwr conveyancing lawyer solely due to them being Abertridwr based.